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Ground Support Equipment Market Size, Share and COVID-19 Impact Analysis, By Type (Tugs & Tractors, Pushback Tractors, Passenger Boarding Lift & Steps, Belt Loader, Hi-Lift Loader, De/ Anti Icing Vehicle, Water Service Vehicle, Lavatory Service Vehicle, Others), By Power Source (Non-Electric GSE, Electric GSE, Hybrid GSE, Fuel Cell Vehicle, Advanced GSE), By Ownership (New Sales, Used Sales, Rental/ Lease), and Regional Forecast, 2021-2030

Region : Global | Format: PDF | Report ID: FBI101823

 

KEY MARKET INSIGHTS

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The global ground support equipment market size was USD 4,152.5 million in 2020. The global impact of COVID-19 has been unprecedented and staggering, with the aviation industry witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global ground support equipment market will exhibit a huge decline of -20.4% in 2020. The market is projected to grow from USD 4071.5 million in 2021 to USD 7819.6 million in 2030 at a CAGR of 7.52% in the 2021-2030 period. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.


Ground support equipment (GSE) is normally used at airports to provide service to the aircraft between flights. GSEs are primarily used to support safe operations of the aircraft before taking off and after landing at the airport. The GSE mainly involves various ground power operations such as cargo, aircraft mobility, and passenger loading operations. For quick accessibility, these GSEs are generally kept on a ramp near the terminal when not in use.


GSE supports the airport operation, especially for aircraft on the apron side called the terminal's service area. The key services include refueling, towing airplanes, freight carts, de-icing, portable water storage, cleaning, lavatory waste tank drainage, fire-fighting, emergency services, and passenger transport services.


A significant increase in air traffic and cargo transportation are the major factors driving the growth of the market. Recently, the Long Beach airport in California installed 15 electric chargers to power its equipment and reduced emissions The airport now uses electricity to power 100% of its commercial gates and further estimates that it will lower its nitrogen oxide emissions by almost two thousand pounds a year by 2023.


Aviation Industry is Likely to Experience Negative Market Growth due to the COVID-19 Pandemic



  • Air carriers across the globe have faced extreme financial pressures and have cut capacity at unparalleled rates due to a smaller number of passengers. Some airlines have shut down completely, a portion of these may never return.

  • As per the data released by the International Air Transport Association (IATA), the global airline passenger service revenues will decrease by USD 314 billion in 2020, which constitutes a decline of 55% compared to the previous year.

  • According to IATA data, the aviation industry has been hit hard as industry-wide revenue passenger kilometers (RPK) decreased by 52.9 percent year-over-year in March. Asia Pacific and North America markets were significantly impacted in March, with passenger volumes falling by 71.5%.


LATEST TRENDS


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Emission Control Regulations for GSE to Propel Market Growth


The aviation industry is constantly focusing on the adoption of greener products. Regulatory authorities are continuously working on implementing improved guidelines towards eco-friendly processes and technologies. The increasing awareness about environmental concerns is likely to create a huge demand for eco-friendly and greener variants of aircraft ground support equipment (AGSE) in the aviation sector.



  • In November 2019, Bahrain Airport Services Company recently announced its plans of transitioning to greener operations. The key focus of the company is to develop a new product, which will be powered by solar energy, or electricity that will replace diesel and petrol-powered fleets in the next five years.

  • In August 2020, Flux Power Holdings Inc. unveiled its range of lithium-ion batteries that are used in newer aircraft equipment such as tractors and electric forklifts to replace traditional lead batteries.

  • January 2019, Camso launched new pneumatic tires designed to use products such as tow tractors, baggage tractors, and others.


Such initiatives by the companies backed by stringent emission control regulations will boost the market growth during the forecast period.


Growing Popularity of Used and Refurbished Products to Accelerate Growth


Major airlines are focusing on the modernization of ground support equipment. Airport GSE businesses are paying attention to refurbishing old equipment to maximize lifespan and add upgrades that help make significant savings in the costs. For instance, the London Luton airport uses a revolutionary system of collective pooling of GSE such as belt loaders, aircraft stairs, and others. This saves significant cost, boosts aircraft turnaround, reduces congestion, and overall delays.



  • April 2018 - Cavotec signed an airport modernization contract with Bahrain International Airport. The contract includes installation and testing of Cavotec sub-freezing DX arctic pre-conditioned air units and in-ground pit systems that help in reducing the number of vehicles used to service aircraft.


DRIVING FACTORS


Increasing Air Traffic and Cargo Transportation to Favor Market Growth


An increase in the overall air traffic and cargo transportation has contributed to the growth of the market. Furthermore, the growing adoption of advanced GSE by airports drives the market across the globe. According to the data released by the International Air Transport Association (IATA), 61.2 million metric tons of cargo were transported in 2019 and are expected to increase at a CAGR of 4.1% for the next five years.


In addition to this, a total of 4.3 billion passengers were carried by air transport in 2018, which was 6.1% more than in 2017. IATA’s 20-year air passenger forecast shows that the number of air travelers could double to 8.2 billion by the end of 2037. This is expected to drive ground support equipment market growth.


Increasing Focus on Enhancement of Operational Efficiency to Augment Growth


Airports are making continuous improvements to increase their operational efficiency and decrease turnaround time. The development of underground GSE has helped reduce operational time and reduce the congestion of equipment in airports.


For instance, airports in the Caribbean and Latin America have been adopting collaborative decision-making (CDM) tools to improve operational efficiency since June 2019. The CDM tool works on real-time information exchange that improves the predictability of operations by increasing situational awareness and enhancing planning quality. The adoption of advanced GSE drives the growth of the market.


RESTRAINING FACTORS


Inadequate Airport Infrastructure for Charging Electric GSE to Hamper Market Growth


There has been an increased use of electric GSE to reduce non-aircraft exhaust emissions at airports. However, the lack of charging infrastructure for electric products is the major factor that hampers the market growth. Besides, the high acquisition cost of electric products and the limited life span of most of the equipment that requires continuous replacement are some of the restraining factors for the growth of the market.


SEGMENTATION


By Type Analysis


Hi-lift Loader Segment to Gain Momentum


Based on type, the market is segmented into tugs & tractors, pushback tractors, passenger boarding lifts & steps, belt loaders, hi-lift loaders, de/ anti-icing vehicles, water service vehicles, lavatory service vehicles, and others.


The tugs & tractors (TT) segment held the highest ground support equipment market share in 2019. The growth is attributed to the increasing air traffic and the rapid expansion of the aviation sector across the globe. The introduction of high capacity towbarless tractors will drive the segment growth.


The high lift loader segment will showcase remarkable growth during the forecast period. The growing cargo transportation and the increasing investment in research & development to develop high capacity lift loaders is likely to drive the growth of the segment.


The passenger boarding lift & step segment is estimated to show significant growth in the market owing to the increasing number of air travelers and airports across the globe.


By Power Source Analysis


Increasing Demand for Electric Vehicles Due to Green Initiatives by Governments and Airlines to Drive Segment Growth


Based on the power source, the GSE market is classified into non-electric, electric, hybrid, fuel cell vehicle (FCV), and advanced GSE.


The non-electric segment held the highest market share in 2019. The presence of non-electric equipment in airports such as tractors, lavatory vehicles, water service vehicles, belt loaders, high lift loader vehicles, and others has contributed to the maximum share in the market. The increasing demand for these vehicles due to their applications is further expected to drive the growth of the segment.


The electric GSE segment will showcase significant growth during the forecast period. The growth is attributed to the increasing focus on the government’s green initiatives and the rising demand for low carbon emission products. The electric-powered GSE creates less pollution compared to conventional GSEs.


The fuel cell vehicle (FCV) segment will showcase significant growth during the forecast period. Key players are focusing on developing hydrogen fuel cells that enable airports to reduce carbon emissions to zero. Thus, the rising go green campaigns drive the growth of the segment during the forecast period.


By Ownership Analysis


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Growing Number of Airports Will Propel New Sales Growth


By ownership, the market is classified into new sales, used sales, rental/ lease.


Among these, the new sales segment dominated the market in 2019. A rising number of air passengers, increasing airport modernization programs, and expansion of the aviation sector is expected to drive the growth of the segment.


The rental/ lease segment is estimated to grow with a significant market share during the forecast period due to the rising demand for ground support equipment from small airlines owing to their affordability for airport operations.


The used sales segment will showcase moderate growth owing to increasing demand from airports for refurbished equipment.


REGIONAL INSIGHTS


North America Ground Support Equipment Market Size, 2020 (USD Million)

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The ground support equipment market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.


North America held the highest share in the market in 2020. The presence of a large number of airports, a well-flourished aviation industry, rising investments in research & development of aviation GSE drives the growth of the market across the region.


Asia-Pacific will showcase the highest growth during the forecast period. The growth is attributed to the rising investment in the aviation sector from emerging economies such as China and India, and rapid urbanization leads to the expansion of the aviation industry. According to the International Air Transports Association (IATA), China will be the largest aviation market in terms of air travelers and surpass the U.S. by 2024. Furthermore, India is planning to build 100 new airports by 2024.


Europe is likely to showcase significant growth due to the rising air travelers and the increasing spending on aviation from developed countries such as Germany, France, the U.K, and others. In addition to this, the presence of key players such as Mallaghan, TLD, Cavotec SA, Kalmar Motor AB, and others is anticipated to boost the market growth in the region.


The market in the rest of the world is expected to register remarkable growth during the forecast period. This growth is due to the increasing air traffic and the growing aviation industry in the Middle Eastern countries such as Saudi Arabia, Turkey, and Israel.


KEY INDUSTRY PLAYERS


Key Players Focus on Business Expansion Through Contracts and Partnerships with Airlines


Original equipment manufacturers (OEMs) are majorly focusing on business expansion through contracts with airlines of different countries. In March 2020, Cavotec SA signed two ground support equipment contracts with Chinese airports. The company will supply electrically powered systems and a range of fueling systems to Chengdu Tianfu International Airport. Additionally, the company will supply more than 100 coilers units, 400Hz connectors, and service cables at three terminals at Beijing Capital International Airport. The value of both contracts is worth USD 3.29 million.



  • June 2018 - Weihai Guangtai Airport Equipment Co., Ltd. and China Academy of Aviation (CAAC) agreed to implement the civil-military integration strategy, along with comprehensive strategic cooperation.


LIST OF KEY COMPANIES PROFILED:



  • AERO SPECIALTIES INC. (The U.S.)

  • Cavotec SA(Switzerland)

  • Curtis Instruments Inc. (The U.S.)

  • Guangtai (China)

  • ITW GSE (The U.S.)

  • Jalux Inc. (Japan)

  • JBT(The U.S.)

  • Kalmar Motor AB(Sweden)

  • Mallaghan(Ireland)

  • Rheinmetall AG (Germany)

  • SINFONIA TECHNOLOGY CO. LTD. (Japan)

  • Sojitz Aerospace Corporation (Japan)

  • Textron Ground Support Equipment Inc. (The U.S.)

  • TLD (France)

  • Tronair (The U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • March 2020- Cavotec SA received two fuelling orders worth more than USD 5.48 Million. The contract includes the manufacture and supply of 100 aviation pits for two installations, one in Europe and the other out of the region.

  • March 2020 - American Airlines signed a contract with Textron G to supply 150 TUG tow tractors and belt loaders to support growth at airports in Dallas-Fort Worth and Charlotte.


REPORT COVERAGE


An Infographic Representation of Ground Support Equipment Market

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The ground support equipment market research report provides an in-depth technical analysis of the market and majorly focuses on key aspects such as the leading market players, COVID-19 effect on the market, leading technological trends, and research ideology of the product. Besides this, the report offers insights into the market trends and highlights key industry developments & trends. In addition to the aforesaid factors, the report provides multiple factors that will contribute to the growth of the market during the forecast period.


Report Scope & Segmentation











































 ATTRIBUTE



  DETAILS



Study Period



2017-2030



Base Year



2020



Forecast Period



2021-2030



Historical Period



2017-2019



Unit



Value (USD million)



Segmentation



By Type



  • Tugs & Tractors (TT)

  • Pushback Tractors (WT)

  • Passenger Boarding Lift & Steps (PBS)

  • Belt Loader (BL)

  • Hi-Lift Loader (HL)

  • De/Anti Icing Vehicle (H)

  • Water Service Vehicle (PW)

  • Lavatory Service Vehicle (LS)

  • Others



By Power Source



  • Non-Electric GSE

  • Electric GSE

  • Hybrid GSE

  • Fuel Cell Vehicle (FCV)

  • Advanced GSE



By Ownership



  • New Sales

  • Used Sales

  • Rental/ Lease



By Geography



  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Russia, Rest of Europe)

  • Asia-Pacific (Japan, East Asia (China, South Korea, Taiwan), South-East Asia (Malaysia, Indonesia, Singapore, Thailand), Rest of Asia Pacific (India, Australia))

  • Rest of the World (The Middle East & Africa, and Latin America)



Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 4152.5 million in 2020 and is projected to reach USD 7,819.6 million by 2030.

In 2020, North America market stood at USD 1,353.7 million.

Growing at a CAGR of 7.52%, the market will exhibit steady growth in the forecast period (2021-2030).

The tugs & tractors (TT) segment is expected to be the leading segment in this market during the forecast period.

The increasing air traffic and cargo transportation is expected to propel the growth of the market.

Textron Ground Support Equipment Inc., TLD, Tronair, Kalmar Motor AB, JBT, Rheinmetall AG, ITW GSE, Cavotec SA, Guangtai, AERO SPECIALTIES INC., Mallaghan are major players in the global market.

North America dominated the market share in 2019.

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